Impax Asset Management Group plc Purchases 1,904 Shares of McDonald's Corporation (NYSE:MCD)

Impax Asset Management Group plc boosted its holdings in McDonald's Corporation (NYSE:MCD - Free Report) by 15.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,465 shares of the fast-food giant's stock after purchasing an additional 1,904 shares during the period. Impax Asset Management Group plc's holdings in McDonald's were worth $4,518,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MCD. Mascagni Wealth Management Inc. acquired a new stake in shares of McDonald's during the 4th quarter valued at approximately $25,000. Atala Financial Inc bought a new stake in McDonald's during the fourth quarter valued at $26,000. Pinney & Scofield Inc. acquired a new stake in shares of McDonald's during the fourth quarter worth $29,000. Fairway Wealth LLC lifted its position in shares of McDonald's by 110.0% in the 4th quarter. Fairway Wealth LLC now owns 105 shares of the fast-food giant's stock worth $30,000 after buying an additional 55 shares during the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of McDonald's in the 4th quarter valued at about $30,000. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

McDonald's Trading Down 0.2%

Shares of McDonald's stock traded down $0.59 on Monday, reaching $293.49. 3,402,996 shares of the company were exchanged, compared to its average volume of 3,538,413. McDonald's Corporation has a fifty-two week low of $243.53 and a fifty-two week high of $326.32. The firm has a market capitalization of $209.85 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 3.07 and a beta of 0.53. The stock has a fifty day moving average price of $306.11 and a 200-day moving average price of $302.52.

McDonald's (NYSE:MCD - Get Free Report) last announced its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.67. McDonald's had a net margin of 31.75% and a negative return on equity of 195.27%. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the business earned $2.70 EPS. The company's revenue was down 3.5% on a year-over-year basis. On average, equities analysts anticipate that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $1.77 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $7.08 annualized dividend and a dividend yield of 2.41%. McDonald's's dividend payout ratio is 62.49%.

Insider Activity at McDonald's

In related news, insider Joseph M. Erlinger sold 939 shares of the business's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $288.52, for a total transaction of $270,920.28. Following the completion of the transaction, the insider owned 10,222 shares of the company's stock, valued at approximately $2,949,251.44. The trade was a 8.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 2,817 shares of company stock worth $865,843. Corporate insiders own 0.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MCD shares. Citigroup raised their target price on shares of McDonald's from $353.00 to $364.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Loop Capital downgraded shares of McDonald's from a "buy" rating to a "hold" rating and reduced their price target for the company from $346.00 to $315.00 in a report on Friday, June 6th. BTIG Research reaffirmed a "neutral" rating on shares of McDonald's in a report on Tuesday, April 22nd. Piper Sandler boosted their target price on shares of McDonald's from $292.00 to $314.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, Redburn Atlantic restated a "sell" rating and issued a $260.00 price target (down previously from $319.00) on shares of McDonald's in a research note on Tuesday, June 10th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $321.17.

McDonald's Profile

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.